Banks Stop Receiving Foreign Currency Cash Deposits - Investment - Nairaland
Nairaland Forum › Nairaland General › Investment › Banks Stop Receiving Foreign Currency Cash Deposits (759 Views)
| Banks Stop Receiving Foreign Currency Cash Deposits by kiyosaki1(op): 5:28am On Jul 31, 2015 |
In a apparent move to avoid sanctions from the Central Bank of Nigeria (CBN), banks in the country have started notifying their customers that they would soon stop receiving foreign exchange cash deposits from them. Standard Chartered Bank Nigeria, in a mail to its customers, however, said it is going to stop receiving foreign currency cash deposit due to “lack of available foreign exchange cash outlets.” The bank message to its customer reads in part “We are constrained due to the current influx of foreign exchange (FX) cash deposits we have been receiving in recent times, and the lack of available FX cash outlets, to stop receiving FX cash deposits. “As a result, the Bank will be unable to receive your FX cash deposits from Tuesday, 11th August 2015. This is a temporary arrangement until the situation improves Source: dailyindependentnig.com/2015/07/banks-stop-receiving-foreign-currency-cash-deposits/ |
| Re: Banks Stop Receiving Foreign Currency Cash Deposits by praise010(m): 6:12am On Jul 31, 2015 |
I also got the mail from Diamond Bank. Dollar is now a scarce commodity. Na wah o |
| Re: Banks Stop Receiving Foreign Currency Cash Deposits by DTOBS(m): 6:16am On Jul 31, 2015 |
praise010:How much is the dollar to naira now? |
| Re: Banks Stop Receiving Foreign Currency Cash Deposits by RichDad1(m): 6:20am On Jul 31, 2015 |
This is getting interesting. |
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